Systems Xcellence Inc. Names PBM Industry Leader To Board Of Directors
Published: Feb 15, 2006
MILTON, ON, Feb. 14 /PRNewswire-FirstCall/ - Systems Xcellence Inc., ("SXC" or the "Company") a leading provider of healthcare information technology solutions throughout the pharmaceutical supply chain, is pleased to announce that Mark A. Thierer has joined the company as a member of its Board of Directors.
"Mark played a leadership role in the growth of one of the largest pharmacy benefit managers (PBM) in the industry and SXC will benefit greatly from his industry insights, executive relationships, and proven leadership," said Gordon S. Glenn, President and CEO of SXC. "We look forward to leveraging his experience in both healthcare IT and pharmacy benefits management, and we expect that Mark will play a key roll in shaping the strategy for our InformedRx(R) benefits management services and pharmacy systems offerings."
"The pharmaceutical benefits marketplace is being pushed and pulled by many conflicting forces today," said Mr. Thierer. "There is tremendous change afoot that requires advanced information technology solutions, innovative business models, new approaches to pricing, and a fresh look at addressing the pharmaceutical needs of health plans and employers. SXC is well positioned to lead this transformation. I am excited by the opportunity to help shape these innovations and grow a profitable business."
Mr. Thierer is currently the President of Physicians Interactive, a division of Allscripts, Inc. , the leading provider of Electronic Health Records, ePrescribing, and information solutions for physicians. Physicians Interactive provides clinical information and education to physicians and patients through on-line, interactive programs. Their client base includes leading pharmaceutical, biotechnology, and medical device companies worldwide.
Prior to Allscripts, Mr. Thierer spent ten years with CaremarkRx , where he was a corporate officer and key executive in helping to build Caremark into a $30 billion pharmacy benefits manager and specialty pharmacy company. In his most recent capacity, Mr. Thierer served as the Senior Vice President, New Ventures, responsible for architecting Caremark's growth strategy. In that role he drove the development of Caremark's initial Medicare Part D drug discount offering.
Previously, Mr. Thierer held numerous senior operating positions, including Senior Vice President, Industry Relations, where he built extensive executive-level supply chain relationships with pharmaceutical, biotech, and generic drug companies. Additionally, Mr. Thierer had operating responsibility for Caremark's retail network business, developing new network service offerings for managed care and employers, as well as establishing Caremark's contracting relationships with major chain drug stores such as Walgreens, CVS, Wal-Mart and Rite Aid. Mr. Thierer also had responsibility for Caremark's Biotech Development function, and helped drive the rapid expansion of their specialty pharmacy business. Mr. Thierer began his career at Caremark in sales and marketing, where he served as Vice President, Corporate Accounts, with sales and account management responsibility for the top 125 Caremark clients nationwide, including Fortune 500 employers, coalitions, unions, and health plans. He also held the position of Vice President Marketing and Field Operations.
Prior to Caremark, Mr. Thierer spent ten years with IBM, selling systems to the healthcare industry. Mr. Thierer holds a B.S. in Finance and an M.B.A. in Marketing. He also holds the designation of CEBS (Certified Employee Benefits Specialist) from The Wharton School. He lives in Barrington, IL with his wife and two children.
About Systems Xcellence
Systems Xcellence (SXC) is headquartered in Milton, Ontario with offices and processing centres in Lombard, Illinois, Scottsdale, Arizona and Victoria, British Columbia. SXC is a leading provider of healthcare information technology solutions and services to the healthcare benefits management industry. The company's product offerings and solutions combine a wide range of software applications, application service provider (ASP) processing services and professional services, designed for many of the largest organizations in the pharmaceutical supply chain, such as pharmacy benefit managers, managed care organizations, retail pharmacy chains and other healthcare intermediaries. SXC can be found on the Internet at www.sxc.com.
This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about the Company's business are more fully discussed in the Company's Annual Information Form.Systems Xcellence
CONTACT: Dave Mason, Investor Relations, The Equicom Group Inc., (416)815-0700 ext. 237, email@example.com; Irwin Studen, Chief FinancialOfficer, Systems Xcellence Inc., Tel: (905) 876-4741, firstname.lastname@example.org